New Zealand is a country that is home to a number of forex brokers. The country has also seen an inflow of forex traders from Europe and the US, partly thanks to stricter regulations in those regions. Along with New Zealand, the same effect has also been seen in Australia, where forex trading leverage is generally high at up to 1:500 on major forex pairs.
Although New Zealand is not considered an offshore country in the traditional sense of the word, some of the forex brokers that are licensed solely by the Financial Service Providers Register (FSPR) offer financial services for traders all other the world, except those from New Zealand. So, in some sense, NZ forex brokers are also considered somewhat offshore.